Arvee Laboratories (India) Ltd - IPO

Arvee Laboratories (India) Ltd IPO Details

Public issue of 14,60,000 equity shares of face value of Rs. 10/- each fully paid up of Arvee Laboratories (India) Limited (ARVEE or the company or the issuer) for cash at a price of Rs. 61/- per equity share (the issue price) (including a share premium of Rs. 51/- per equity share aggregating Rs. 8.91 crores (the issue) by the company, of which 76,000 equity shares of face value of Rs. 10/-each fully paid up Will be reserved for subscription by market maker to the issue (market maker reservationPortion). The issue less the market maker reservation portion i.e. Issue of 13,84,000 equity shares of face value of Rs. 10/- each fully paid up is hereinafter referred to as the net issue. The issue and The net issue will constitute 26.50% and 25.12% respectively of the post issue paid up equity share capital of the company.The Face value of the equity shares is Rs. 10/- each.The Issue price is Rs. 61/- per equity share. The Issue price is 6.10 times the face value

Objective of issue

Re-payment of unsecured loans.

Arvee Laboratories (India) Ltd Contact Details

Arvee Laboratories (India) Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - shalin.patel@arveelabs.com

Website - www.arveelabs.com